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used to describe what the united states has become. he used the word bhutan me. he said the u.s. is now a bhutan me. >> host: a combination of bhutan me and -- >> guest: it's a less excitable work -- word that there are few bhutan amaze amaze around the world characterized by a tremendous concentration of wealth at the top and a wealth that is greater than the bottom 90% of that is what he used. he said that in who is going to buy products and that is who is going to drive the economy, the middle-class is not as important as it once was. >> host: using the book for people who make less than $200,000, they don't count. >> guest: in the eyes of the hedge fund people, these are headphone -- hedge fund people talking. and you can understand where they're coming from. the middle class in china dwarfs the middle class now. the middle class in india, brazil, you name it. and it is why they say the u.s. is irrelevant. >> guest: there are is looking for growth. that is the heart of the whole financial aristocracy. they want growth in stocks and they want the companies that have the multinational
what the united states became using the word "plutonamy." that's less -- let's say excitable word, but his point was, there are a few plutonamy's around the world and its cakessed by a tremendous amount of wealth at the top and a wealth that's greater than the bottom 90%. that's what he used. he said that's who will buy product and who drives the economy and the middle class is just not as important as it was. >> host: for people who make less than $200,000 they don't count. >> guest: they are irrelevant in the eyes of the hedge fund people. these are hedge fund people talking. you can understand where they are coming from. the middle class dwarfs the middle class in india, brazil, you name it. it's why they say the u.s. is irrelevant in that sense. >> guest: they are always looking for growth. that's the heart of the whole financial movement. they want growth. they want growth in stocks. they want the companies that have the multinational connections and operations and revenue streams. that's where they want growth. that's why they see the middle class of china and india in parti
just recording in my mouth at a wall street investment banker used to describe the united states has become. he used the word metonymy. >> host: combination of autocracy -- >> guest: he wanted his own word. it is a less excitable words and plutocracy. at his point was there are a few platonic meets around the world and they are followed by a tremendous concentration of wealth, greater than all in the bottom 90%. and he said that is who's going to buy products. that is who's going to drive the economy. >> host: i think you say in the book for people who make less than $200,000, they don't count. >> guest: and this is in the eyes of the hedge fund people. these are hedge fund people talking. and you can understand why they're coming from. the middle class in china endorse the middle class. middle class in india, brazil, you name it. and that's why they say the u.s. is kind of irrelevant. >> host: thermos looking for growth. that's the part of the whole stock receipt. they want growth with companies took the multinational connect in such operations and revenue streams. that's where they
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